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Cotton Shortage Could Drive Up Clothing Prices
CBS ^ | 1/5/11

Posted on 01/06/2011 8:26:46 PM PST by FromLori

Anyone who has been out holiday shopping knows there are some great deals on clothing.

“I’m amazed at the sales right now,” one enthusiastic shopper said.

However, experts say once the holidays are over, so are the deals.

The problem is the price of cotton. Bad weather last year in India, Pakistan and China destroyed thousands of acres of cotton fields which slashed the global cotton supply. “Cotton is up 70 percent in the last year, which is phenomenal,” explained Babson College Professor Peter Cohan.

Cotton is a staple in the fashion industry. Think about it, jeans, T-shirts and many sweaters are made of cotton. According to Cohan, many manufacturers will have no choice but to pass that extra cost on to consumers.

“I think they’re all going to raise their prices in the spring, because that’s when China expects to raise their prices at least an additional 30 percent,” Cohan said. Some stores will be reluctant to significantly raise prices because they won’t want to lose customers. But, chances are you’ll notice a difference in a lot of the clothes you buy.

(Excerpt) Read more at pittsburgh.cbslocal.com ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events
KEYWORDS: cost; cotton; shortage
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1 posted on 01/06/2011 8:26:48 PM PST by FromLori
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To: FromLori

Well, there’s always polyester.


2 posted on 01/06/2011 8:28:42 PM PST by Cementjungle
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To: FromLori

Except for underwear, socks and shoes, I buy all my clothes at the Salvation Army.


3 posted on 01/06/2011 8:28:44 PM PST by Fido969 ("The hardest thing in the world to understand is income tax." - Albert Einstein)
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To: FromLori

Just remember that there aint no stinking inflation in this country.


4 posted on 01/06/2011 8:28:46 PM PST by JohnKinAK
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To: FromLori
how much of clothing purchased in America is manufactured in America.
5 posted on 01/06/2011 8:29:25 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: FromLori
how much of clothing purchased in America is manufactured in America.
6 posted on 01/06/2011 8:30:21 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: FromLori
So now the third worlders have to go to the store naked to find out there's no corn?
7 posted on 01/06/2011 8:31:41 PM PST by Navy Patriot (Sarah and the Conservatives will rock your world.)
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To: elpadre

How much of anything is manufactured in America now? Very little the globalists took our country apart piece by piece and now there’s little left.


8 posted on 01/06/2011 8:32:37 PM PST by FromLori (FromLori">)
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To: Navy Patriot

In case you didn’t notice all we really have left is service sector jobs and not enough of those we are becoming the third worlders rapidly.

New US jobless claims rise

http://www.google.com/hostednews/afp/article/ALeqM5hy4Xav-jDxaEuhn1LgVvJgm2M5og?docId=CNG.24aed2d4393365e0c8062dcc2cd184cf.7d1


9 posted on 01/06/2011 8:34:53 PM PST by FromLori (FromLori">)
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To: Fido969
You just gave your age away.

When you reach a certain age, underware isn't quite so important.

/johnny

10 posted on 01/06/2011 8:35:27 PM PST by JRandomFreeper (Gone Galt)
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To: Fido969

I buy tons of stuff at sally 10 years ago i got sober after living in my truck lost everything Sally is a God send


11 posted on 01/06/2011 8:35:58 PM PST by al baby (Hi Mom!!! <sarc>)
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To: Cementjungle
Well, there’s always polyester.
Polyester is derived from petroleum, which is also going up in price.
12 posted on 01/06/2011 8:41:51 PM PST by jmcenanly ( "We pay a person the compliment of acknowledging his superiority whenever we lie to him." -Samuel)
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To: FromLori

could would should


13 posted on 01/06/2011 8:41:51 PM PST by Flavius (A)
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To: Cementjungle

With the price of feed corn going up thanks to ethanol production, we may all get to try hamburger helper with the helper by itself.

14 posted on 01/06/2011 8:46:41 PM PST by USNBandit (sarcasm engaged at all times)
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To: FromLori

cotton futures ... $1.41 a pound

how much does a shirt weigh ?


15 posted on 01/06/2011 8:50:00 PM PST by Talf
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To: Cementjungle

Just the thought of wearing 100% polyester makes my skin itch.

Guess all our jeans now line-dry and the dryer gets used less than ever.


16 posted on 01/06/2011 8:50:05 PM PST by Kieri (The Conservatrarian)
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To: Cementjungle

Yes, but they are petroleum based and petroleum is high too.


17 posted on 01/06/2011 8:53:16 PM PST by tiki
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To: elpadre

Very little, they buy our cotton and then ship back the garments.


18 posted on 01/06/2011 8:54:48 PM PST by tiki
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To: Talf

Item
Est. Cotton Required

1 Pair of Jeans
1.5 lbs. (24 oz.)

1 Man’s Shirt
.6 lbs. (10 oz.)

1 T-Shirt
.5 lbs. (8 oz.)

1 Skirt
.9 lbs (14 oz.)

1 Bath Towel
.6 lbs (10 oz.)

1 Dress
1.3 lbs (21 oz.)

1 Diaper
.15 lbs (2.5 oz)

1 Blouse
.5 lbs. (8 oz.)


19 posted on 01/06/2011 8:58:18 PM PST by tiki
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To: shibumi; 50mm

Black leather schadenfreude ping.

:)


20 posted on 01/06/2011 9:00:37 PM PST by Salamander (A man will walk right into Hell with his eyes wide open but even the Devil can't fool a dog.)
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